Kodai Capital Management LP

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Kodai Capital Management LP reported 102 stock positions worth $4.3 billion. Its top holding was Adobe (ADBE) at 5.4% of the portfolio, followed by AT&T (T, 4.5%) and Pentair (PNR, 4.2%). Compared with Q4 2023, it opened 39 new positions, sold out of 43, added to 36 and reduced 27. The biggest buy was Adobe (ADBE, shares +1209%) and the biggest sale Microsoft (MSFT, shares −86%).

Most Recent 13F
Q1 2025
Location
CHICAGO, IL
CIK
0001999612
Portfolio Value
$4.3B (Q1 2024)
SEC Filing
0001172661-24-002386 ↗ filed May 15, 2024

Holdings Value

0$2.0B$4.0B$6.0B Q1 2024: $4.3B $4.3B Q1 2024 Q2 2024: $5.3B Q2 2024 Q3 2024: $4.8B Q3 2024 Q4 2024: $2.4B Q4 2024 Q1 2025: $2.5B Q1 2025

Holdings 102 stocks · $4.3B
ADBE Adobe Inc. 5.39% 456,881 $230.5M Add +1209.3%
T AT&T Inc. 4.46% 10,840,848 $190.8M Add +19.6%
PNR Pentair PLC 4.20% 2,105,008 $179.9M Reduce -11.7%
PH Parker Hannifin Corp. 3.78% 290,993 $161.7M Add +9.5%
XYL Xylem Inc. 3.26% 1,080,543 $139.6M Reduce -7.8%
CRM Salesforce Inc. 3.11% 441,808 $133.1M Add +32.6%
WDC Western Digital Corp. 2.95% 1,847,893 $126.1M Reduce -54.5%
GOOGL Alphabet Inc. Class A 2.76% 782,885 $118.2M Reduce -34.9%
GPN Global Payments Inc. 2.71% 868,644 $116.1M Add +59.8%
DDOG Datadog Inc. Class A 2.71% 938,952 $116.1M New
TWLO Twilio Inc. Class A 2.64% 1,849,513 $113.1M Add +70.0%
CMCSA Comcast Corp. Class A 2.39% 2,355,687 $102.1M New
LII Lennox International Inc. 2.32% 203,039 $99.2M Add +138.9%
ST Sensata Technologies Holdplc 2.19% 2,551,945 $93.8M Reduce -28.0%
MBLY Mobileye Global Inc. Class A 2.08% 2,764,827 $88.9M Reduce -19.6%
AMZN Amazon.com Inc. 1.92% 454,565 $82.0M Add +9.4%
GDDY GoDaddy Inc. Class A 1.77% 639,152 $75.9M New
PARAA Paramount Global Class B 1.72% 6,264,374 $73.7M Add +9.2%
DLR Digital Realty Trust Inc. 1.69% 502,837 $72.4M Add +14.5%
SNOW Snowflake Inc. 1.60% 423,970 $68.5M Add +7.7%
WDAY Workday Inc. Class A 1.59% 250,182 $68.2M Reduce -19.7%
DIS The Walt Disney Co. filed as DISNEY WALT CO 1.57% 548,885 $67.2M New
FTV Fortive Corp. 1.56% 774,985 $66.7M Add +25.3%
SBAC SBA Communications Corp. 1.45% 286,167 $62.0M Add +41.5%
CDNS Cadence Design SYS Inc. 1.41% 193,559 $60.3M Add +122.6%
NFLX Netflix Inc. 1.40% 98,422 $59.8M New
BILL Bill Holdings Inc. 1.39% 863,514 $59.3M New
SMTC Semtech Corp. 1.31% 2,039,837 $56.1M Add +2.7%
HUBS HubSpot Inc. 1.31% 89,327 $56.0M Add +118.7%
ETN Eaton Corp. PLC 1.30% 177,917 $55.6M Add +9.6%
MA Mastercard Inc. Class A 1.23% 108,888 $52.4M Reduce -26.7%
MSFT Microsoft Corp. 1.20% 122,572 $51.6M Reduce -86.5%
AMBA Ambarella Inc. 1.20% 1,009,890 $51.3M Reduce -5.6%
TT Trane Technologies PLC 1.17% 167,449 $50.3M Reduce -47.4%
LYV Live Nation Entertainment Inc. 1.15% 466,018 $49.3M Reduce -1.6%
GLBE Global-E Online Ltd. 1.11% 1,307,194 $47.5M Add +184.9%
OMC Omnicom Group 1.01% 446,631 $43.2M Add +40.9%
SIMO Silicon Motion Technol-ADR 0.99% 548,684 $42.2M Reduce -23.7%
DKNG Draftkings Inc. Class A 0.96% 908,963 $41.3M New
EEFT Euronet Worldwide Inc. 0.95% 369,209 $40.6M Add +57.9%
SQSP Squarespace Inc. Class A 0.86% 1,013,660 $36.9M New
MMM 3M Co. 0.85% 343,692 $36.5M Add +387.5%
WEX Wex Inc. 0.81% 146,391 $34.8M Reduce -42.8%
EMR Emerson Electric Co. 0.75% 284,356 $32.3M Add +361.7%
ASML ASML Holding NV-NY Reg SHS 0.72% 31,819 $30.9M Reduce -84.0%
EDR Endeavor Group Hold Class A 0.68% 1,125,264 $29.0M Add +11.1%
MDB Mongodb Inc. 0.67% 80,089 $28.7M Add +52.5%
LYFT LYFT Inc. Class A 0.61% 1,358,048 $26.3M Reduce -21.9%
POWI Power Integrations Inc. 0.60% 360,413 $25.8M Reduce -25.0%
SHOP Shopify Inc. Class A 0.56% 311,598 $24.0M Reduce -58.2%
MRVL Marvell Technology Inc. 0.55% 329,259 $23.3M New
NVTS Navitas Semiconductor Corp. 0.50% 4,514,576 $21.5M Add +14.3%
NOW ServiceNow Inc. 0.49% 27,623 $21.1M New
AVDX Avidxchange Holdings Inc. 0.49% 1,581,667 $20.8M Add +872.9%
HLT Hilton Worldwide Holdings Inc. 0.46% 91,770 $19.6M Reduce -69.8%
PANW Palo Alto Networks Inc. 0.45% 67,299 $19.1M Add +30.9%
ROK Rockwell Automation Inc. 0.43% 63,551 $18.5M Reduce -54.4%
FDX FedEx Corp. 0.42% 62,509 $18.1M Add +2915.4%
DASH DoorDash Inc. Class A 0.42% 130,733 $18.0M New
TKO Tko Group Holdings Inc. 0.42% 206,923 $17.9M New
BA The Boeing Co. 0.42% 92,496 $17.9M Add +24.4%
XLE SS Energy Select Sector 0.41% 187,426 $17.7M New
LHX L3HARRIS Technologies Inc. 0.35% 69,720 $14.9M Reduce -7.5%
LMT Lockheed Martin Corp. 0.34% 32,435 $14.8M New
SNAP Snap Inc. Class A 0.34% 1,261,980 $14.5M Add +125.6%
TDG Transdigm Group Inc. 0.30% 10,344 $12.7M New
SAP Sap SE-Sponsored ADR 0.30% 65,124 $12.7M New
NVT Nvent Electric PLC 0.28% 160,478 $12.1M Add +17.4%
EXPE Expedia Group Inc. 0.28% 87,653 $12.1M Reduce -65.0%
PAYC Paycom Software Inc. 0.28% 60,351 $12.0M Add +629.2%
TOST Toast Inc. Class A 0.28% 481,390 $12.0M New
CYBR Cyberark Software Ltd./Israel 0.27% 44,057 $11.7M New
XPO Xpo Inc. 0.23% 81,023 $9.9M New
SIX Six Flags Entertainment Corp. 0.23% 368,531 $9.7M New
JCI Johnson Controls Internation 0.22% 144,499 $9.4M Reduce -14.8%
TKR Timken Co. 0.21% 104,432 $9.1M New
URI United Rentals Inc. 0.21% 12,569 $9.1M New
ALGM Allegro Microsystems Inc. 0.21% 334,837 $9.0M Add +138.5%
CART Maplebear Inc. 0.20% 231,923 $8.6M New
OKTA Okta Inc. 0.20% 81,677 $8.5M New
KNX Knight-Swift Transportation 0.20% 154,553 $8.5M Reduce -18.8%
LDOS Leidos Holdings Inc. 0.19% 62,700 $8.2M Add +16.5%
ALV Autoliv Inc. 0.17% 60,674 $7.3M Reduce -68.6%
NVDA Nvidia Corp. 0.17% 7,993 $7.2M Reduce -94.2%
CNK Cinemark Holdings Inc. 0.16% 373,370 $6.7M Add +31.7%
AVT Avnet Inc. 0.15% 126,675 $6.3M Add +157.9%
ROKU Roku Inc. 0.12% 81,113 $5.3M New
FOXA Fox Corp. Class A 0.08% 112,099 $3.5M New
ODD Oddity Tech Ltd. Class A 0.07% 69,219 $3.0M New
BTSG Brightspring Health Services 0.07% 268,925 $2.9M New
DAY Dayforce Inc. 0.06% 36,227 $2.4M New
IMAX Imax Corp. 0.05% 143,759 $2.3M Reduce -59.2%
TBBB BBB Foods Inc. Class A 0.05% 93,701 $2.2M New
HCP Hashicorp Inc. Class A 0.05% 76,746 $2.1M New
BROS Dutch Bros Inc. Class A 0.04% 53,048 $1.8M New
TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC 0.04% 18,508 $1.6M New
SAIA Saia Inc. 0.03% 2,537 $1.5M New
CHWY Chewy Inc. Class A 0.03% 75,149 $1.2M New
IAS Integral Ad Science Holding 0.01% 64,456 $643K New
ADSK Autodesk Inc. 0.01% 1,875 $488K New
MCW Mister Car Wash Inc. 0.01% 62,037 $481K New
AHR American Healthcare REIT Inc. 0.01% 22,758 $336K New

Portfolio Sells Q4 2023 → Q1 2024
MSFT Microsoft Corp. Reduce -86.5% 1.20% −5.72
ORCL Oracle Corp. Sold out 0.00% −4.31
NXPI NXP Semiconductors NV Sold out 0.00% −2.55
ASML ASML Holding NV-NY Reg SHS Reduce -84.0% 0.72% −2.34
TSM Taiwan Semiconductor-SP ADR Sold out 0.00% −1.40
WDC Western Digital Corp. Reduce -54.5% 2.95% −1.39
GFS Globalfoundries Inc. Sold out 0.00% −1.37
NVDA Nvidia Corp. Reduce -94.2% 0.17% −1.23
FOUR SHIFT4 Payments Inc. Class A Sold out 0.00% −1.21
ON On Semiconductor Sold out 0.00% −1.02
MTCH Match Group Inc. Sold out 0.00% −0.97
MBLY Mobileye Global Inc. Class A Reduce -19.6% 2.08% −0.96
SPOT Spotify Technology SA Sold out 0.00% −0.85
TMUS T-Mobile US Inc. Sold out 0.00% −0.78
TER Teradyne Inc. Sold out 0.00% −0.78
TSLA Tesla Inc. Sold out 0.00% −0.76
CHTR Charter Communications Inc. Class A Sold out 0.00% −0.76
AVGO Broadcom Inc. Sold out 0.00% −0.75
FISV Fiserv Inc. Sold out 0.00% −0.67
HLT Hilton Worldwide Holdings Inc. Reduce -69.8% 0.46% −0.67
SWK Stanley Black & Decker Inc. Sold out 0.00% −0.67
GOOGL Alphabet Inc. Class A Reduce -34.9% 2.76% −0.66
V Visa Inc. Class A Sold out 0.00% −0.63
SHOP Shopify Inc. Class A Reduce -58.2% 0.56% −0.62
IR Ingersoll-Rand Inc. Sold out 0.00% −0.57
CRUS Cirrus Logic Inc. Sold out 0.00% −0.55
QCOM Qualcomm Inc. Sold out 0.00% −0.55
ST Sensata Technologies Holdplc Reduce -28.0% 2.19% −0.52
ADP Automatic Data Processing Sold out 0.00% −0.52
EXPE Expedia Group Inc. Reduce -65.0% 0.28% −0.49
LSCC Lattice Semiconductor Corp. Sold out 0.00% −0.49
W Wayfair Inc. Class A Sold out 0.00% −0.48
ADI Analog Devices Inc. Sold out 0.00% −0.46
ROK Rockwell Automation Inc. Reduce -54.4% 0.43% −0.45
TEAM Atlassian Corp. Class A Sold out 0.00% −0.42
DE Deere & Co. Sold out 0.00% −0.42
TT Trane Technologies PLC Reduce -47.4% 1.17% −0.41
WSO Watsco Inc. Sold out 0.00% −0.37
WMG Warner Music Group Corp. Class A Sold out 0.00% −0.28
ALV Autoliv Inc. Reduce -68.6% 0.17% −0.26
CHKP Check Point Software Tech Sold out 0.00% −0.25
UNP Union Pacific Corp. Sold out 0.00% −0.21
POWI Power Integrations Inc. Reduce -25.0% 0.60% −0.20
WEX Wex Inc. Reduce -42.8% 0.81% −0.20
EA Electronic Arts Inc. Sold out 0.00% −0.18
SPR Spirit Aerosystems Hold Class A Sold out 0.00% −0.18
META Meta Platforms Inc. Class A Sold out 0.00% −0.18
WDAY Workday Inc. Class A Reduce -19.7% 1.59% −0.16
TGNA Tegna Inc. Sold out 0.00% −0.15
RBLX Roblox Corp. Class A Sold out 0.00% −0.14

Portfolio Buys Q4 2023 → Q1 2024
ADBE Adobe Inc. Add +1209.3% 5.39% +4.96
DDOG Datadog Inc. Class A New 2.71% +2.71
CMCSA Comcast Corp. Class A New 2.39% +2.39
GDDY GoDaddy Inc. Class A New 1.77% +1.77
DIS The Walt Disney Co. New 1.57% +1.57
LII Lennox International Inc. Add +138.9% 2.32% +1.54
NFLX Netflix Inc. New 1.40% +1.40
BILL Bill Holdings Inc. New 1.39% +1.39
T AT&T Inc. Add +19.6% 4.46% +1.36
CRM Salesforce Inc. Add +32.6% 3.11% +1.32
GPN Global Payments Inc. Add +59.8% 2.71% +1.31
PH Parker Hannifin Corp. Add +9.5% 3.78% +1.28
DKNG Draftkings Inc. Class A New 0.96% +0.96
TWLO Twilio Inc. Class A Add +70.0% 2.64% +0.96
CDNS Cadence Design SYS Inc. Add +122.6% 1.41% +0.93
SQSP Squarespace Inc. Class A New 0.86% +0.86
HUBS HubSpot Inc. Add +118.7% 1.31% +0.82
GLBE Global-E Online Ltd. Add +184.9% 1.11% +0.74
MMM 3M Co. Add +387.5% 0.85% +0.69
EMR Emerson Electric Co. Add +361.7% 0.75% +0.63
AMZN Amazon.com Inc. Add +9.4% 1.92% +0.63
FTV Fortive Corp. Add +25.3% 1.56% +0.63
MRVL Marvell Technology Inc. New 0.55% +0.55
ETN Eaton Corp. PLC Add +9.6% 1.30% +0.50
NOW ServiceNow Inc. New 0.49% +0.49
DLR Digital Realty Trust Inc. Add +14.5% 1.69% +0.49
EEFT Euronet Worldwide Inc. Add +57.9% 0.95% +0.46
OMC Omnicom Group Add +40.9% 1.01% +0.45
AVDX Avidxchange Holdings Inc. Add +872.9% 0.49% +0.44
SMTC Semtech Corp. Add +2.7% 1.31% +0.42
DASH DoorDash Inc. Class A New 0.42% +0.42
TKO Tko Group Holdings Inc. New 0.42% +0.42
XLE SS Energy Select Sector New 0.41% +0.41
FDX FedEx Corp. Add +2915.4% 0.42% +0.41
SBAC SBA Communications Corp. Add +41.5% 1.45% +0.40
LMT Lockheed Martin Corp. New 0.34% +0.34
TDG Transdigm Group Inc. New 0.30% +0.30
SAP Sap SE-Sponsored ADR New 0.30% +0.30
TOST Toast Inc. Class A New 0.28% +0.28
CYBR Cyberark Software Ltd./Israel New 0.27% +0.27
PAYC Paycom Software Inc. Add +629.2% 0.28% +0.25
MDB Mongodb Inc. Add +52.5% 0.67% +0.23
XPO Xpo Inc. New 0.23% +0.23
SIX Six Flags Entertainment Corp. New 0.23% +0.23
TKR Timken Co. New 0.21% +0.21
URI United Rentals Inc. New 0.21% +0.21
CART Maplebear Inc. New 0.20% +0.20
OKTA Okta Inc. New 0.20% +0.20
EDR Endeavor Group Hold Class A Add +11.1% 0.68% +0.19
SNAP Snap Inc. Class A Add +125.6% 0.34% +0.15

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q1 2025 145$2.5BT, GWW, EQIX, MKSI, NFLX
Q4 2024 106$2.4BT, EQIX, INTU, WDC, NVDA
Q3 2024 162$4.8BT, MRVL, MSFT, WDC, ST
Q2 2024 121$5.3BTWLO, HUBS, GPN, T, PH
Q1 2024 102$4.3BADBE, T, PNR, PH, XYL